[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading]
The bulls are back in control after fear eased considerably regarding the ongoing situation in Greece and China. The worst-case Armageddon scenario did not unfold and more importantly, support was defended last week (200 DMA line and the March 2015 low in the S&P 500). In the short term, the major averages are up 4 days in a row and due for a little pullback. It is important to note, for now, the broader trend remains up and even at its worst, the S&P 500 was only down -4.2% last week. So this has become another bullish short term pullback in both size (small percent decline) and scope (short in duration). Over the next few weeks, focus will be shifting once again to earnings season (barring another external “crisis/event” and we will be paying attention to how leading stocks and the major indices react to earnings.
[su_heading style=”modern-2-dark” size=”20″] Portfolio Update [/su_heading]
Thankfully, the FLS portfolio is performing very well considering how the major indices have been acting in recent weeks. Here is a snapshot as of Tuesday’s close:
[su_heading style=”modern-1-dark” size=”18″] Positions [/su_heading]
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The service owns: TSLA +29.78%, NFLX +21.95%, XLF 0.52%, DPZ +6.61%, MTH +6.73%, AMZN +6.05%, REGN +4.20%, FEYE -0.52%, UA +2.08%
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The service will exit: TSLA @ 245.77, NFLX @ 611.67, XLF @24.03, , DPZ @ 111.14, MTH @ 46.05, AMZN @414.55, REGN @ 521, FEYE @ 46.53, UA
[su_heading style=”modern-1-dark” size=”18″] Working Buy Orders [/su_heading]
We are comfortable with our current exposure so there are no new buy orders today
